Browsing: Sarb

The South African Reserve Bank, through its fintech unit, has successfully demonstrated a real-world trial of a distributed ledger technology-based wholesale payment system. The Bank has released a report on Project

South Africa’s central bank chooses to call digital currencies such as bitcoin “cyber-tokens” because they don’t meet the requirements to be classified as money. “We don’t use the term ‘cryptocurrency’ because it doesn’t

South Africa’s inflation rate slowed in January, easing pressure on the central bank to maintain a tight monetary stance. Inflation slowed to 4.4% from 4.7% in December, Statistics South Africa said Wednesday in

A stronger rand and falling inflation expectations may allow South African Reserve Bank governor Lesetja Kganyago to start cutting interest rates this year as long as political developments don’t derail the currency’s gains. Higher commodity prices and

The South African Reserve Bank left borrowing costs unchanged for a fourth consecutive meeting as it projects the inflation rate will fall back to within its target and the economy is set to expand at the slowest pace since a recession six years ago. The central bank

Investors are betting on a South African rate increase as inflation expectations surge in the wake of a collapse in the rand. Forward-rate agreements starting in 12 months, used to speculate on policy moves, added 40 basis

South African Reserve Bank (Sarb) governor Lesetja Kganyago announced on Thursday that the Bank’s monetary policy committee has decided to leave the interest rate unchanged. This means the repo rate, which is the interest rate at which

The South African Reserve Bank said the way the country’s welfare grants are paid out may have resulted in Net1 UEPS Technologies having a conflict of interest as the company has the contract to make the payments and